Bloomberg Business

Pakistan is pinning hopes that China will continue to ease its payments pressure by extending loans as concerns rise about the nation becoming the next emerging market to default.

Private credit firm Blue Owl Capital Inc. is weighing an entry into European direct lending that may include building a team or buying an existing fund manager, according to people with knowledge of the matter, a further sign of the asset class’s growth prospects in the region.

The PGA Tour may not need to worry about its much-maligned merger with LIV Golf turning off its core audience.

Legal & General Investment Management, the UK’s largest asset manager, said it wants Shell Plc to explain how it thinks it can still reach net zero emissions by 2050 while ratcheting up investments in fossil fuels.

Binance, the world’s largest cryptocurrency exchange, is under investigation by French authorities for the alleged illegal provision of digital-asset services and acts of aggravated money laundering, according to an official for the Paris public prosecutor’s office.

(Bloomberg) — Federal Reserve Governor Christopher Waller said it’s not clear that recent banking strains will lead to significantly tighter lending conditions in the US, adding that officials should not allow worries about a few lenders to interfere with their inflation fight. 

Southeast England faces a hosepipe ban later this month, after dry weather and record demand strained a utility’s capacity to provide enough drinking water.

Federal Reserve Bank of Richmond President Thomas Barkin said the central bank might need to tighten monetary policy further to reduce inflation and slow a resilient US economy and labor market.

China’s weaker-than-expected data for May has spurred economists at several key banks to lower their growth forecasts for the year, with expectations picking up for more policy support in the coming weeks.